Chapter 295

  Looking at Chen Tianqiao in his early thirties, Xia Jingxing clapped his hands and applauded, “Thank you very much for Mr. Chen’s frankness for telling me such a careful plan.

  You can rest assured that Envision Capital will stand firmly on Shanda's side.

  It’s just that I still have a question. Why didn’t Shanda choose to talk to Sina’s management? That way, the success rate of things can undoubtedly be higher. "

  Previous life, this matter is also a mystery. Why didn’t Sina and Shanda talk about it? How big is the price disparity?

  Xia Jingxing really wanted to figure it out and to see if there was a chance to capture greater benefits, so she seemed casual, but actually asked deeply.

  Chen Tianqiao is very refreshing. Now Envision Capital is an ally with them, so he did not hide anything. He talked about his unpleasant contact with Sina's management.

  "...Sina’s management wants us to exchange shares one-to-one, or buy them at the highest stock price of $50 in the past year."

  Speaking of this, Chen Tianqiao smiled disdainfully, "Naturally we will not be taken advantage of, and at best we can accept a two-to-one share swap.

  Shanda is willing to take them to make money together, which already gives them a lot of face.

  I’m in a hurry. I took a loan and bought them with all cash to get all these narrow-minded and short-sighted guys out. "

  Xia Jingxing nodded and smiled. He heard it out that Chen Tianqiao had great opinions on Sina's management.

  At the same time, he also understood the extent of the differences between the two sides.

Shanda's current market value is almost US$2.1 billion to US$2.2 billion, while Sina is only US$1.2 to 1.3 billion.

  When Shanda went public last year, its market value was only 800 million US dollars, and then it soared all the way, becoming the technology stock with the most dazzling share price increase in the world last year.

  However, Sina has dropped by nearly half from its market value of more than 2 billion US dollars.

  Faced with the acquisition of new giants, Sina assumed a veteran status.

  Perhaps, Sina still feels that the conditions are at a disadvantage, because the market value of Sina was almost twice or three times that of Shanda last year. Now the situation is reversed. Shanda's market value is nearly twice that of Sina.

The market value of    does not accurately reflect the true value of the company.

  Sina is currently the largest portal website in China. In their eyes, Shanda is a nouveau riche, the lucky one who has picked up a popular game.

  I am willing to marry you. I am already regarded as a celebrity marrying an upstart poor boy, and I bargained with me on the bride price.

  My old lady is worth the price, and if I can’t give such a high betrothal gift, I won’t get married.

  After waiting for a while, the old lady has a successful plastic surgery, and her value can rise back, and even reach a higher level.

   And Chen Tianqiao, the upstart poor boy in Sina’s eyes, was reluctant to pay a high price for gifts, but he still coveted the goddess.

  So, when the New Year came, on this day when everyone relaxed their vigilance, they planned an evil plan to invade the goddess.

  Buy a large amount of Sina equity from the secondary market, cook rice and cook mature rice, and then force Sina to accept the marriage.

  Xia Jingxing thought to herself, if she were herself, she would probably make the same choice as Chen Tianqiao.

  Because Sina is not monolithic internally. There are too many profit-only shareholders like their Vision Capital.

  Initiating a hostile takeover, the probability of success is very high.

  Xia Jingxing originally wanted to fool Chen Tianqiao with some courage, even at the expense of a small part of the short-term interests, to facilitate the successful merger of Shanda and Sina.

  Once the two companies merge, Shanda can immediately become the Internet company with the highest market value in China, and it will be a huge gap with the second and third place.

The market value of    is not as simple as one billion US dollars plus two billion US dollars. It will produce a chemical reaction of one plus one greater than two. It is very likely that the market value will reach five or six billion, or even nearly ten billion.

  The marriage of the first portal and the first game company to jointly create online Disney. The concept sounds very attractive and brings high expectations.

  From the actual situation, Sina's user group is mainly white-collar workers, middle-aged and young people, while Shanda's user group is mainly young people.

  The merger of the two companies has a wider user coverage and can almost reach netizens of all ages. It is a combination of extremely strategic value.

  As a joint shareholder of the two companies, Vision Capital can also make the most profit from the merger of the two companies.

  Rather than doing it like this, it’s a bit unhappy to run away.

  Of course, in the long run, even if the two companies merge, they should not be able to make a big name.

  The continuous decline of the portal is inevitable. Shanda Games has also been overtaken by the penguin who holds the social software QQ as a drain, and then completed the surpass.

   However, in the short term, for Vision Capital, a merger is more in their interests than no merger.

  However, Xia Jingxing and Chen Tianqiao came into contact for a short time and knew that the latter was a very independent person.

  Vision Capital is just an ordinary member of Shanda’s many allies. He and Chen Tianqiao have just met, and they can’t talk about friendship.

  He wanted to reverse Chen Tianqiao’s thoughts, but it was too difficult.

  However, Xia Jingxing tried to remind him, and just gave up, which is a pity.

   "Shanda bet so much money on Sina, it is almost impossible to advance or retreat.

  Once an unfavorable situation occurs, Shanda may suffer backlash.

  After reducing Sina’s shares, we are only Shanda shareholders.

  As a shareholder, I think Shanda can still make more preparations. "

  Chen Tianqiao is a clever man. He immediately heard Xia Jingxing’s offending notes, and said with a smile: “If Xia always has any good opinions, just put them forward. There is no need to avoid any taboos. Everyone is a friend.”

  Xia Jingxing nodded, "Okay, let me just say it! Shanda chose to acquire only 19.5% of the equity, instead of breaking through the 20% line.

   is also playing with Sina’s idea of ​​"playing and talking" and "promoting peace by fighting", right? "

  Chen Tianqiao always had a faint smile on his face, without showing any flaws, he shook his head gently, "Mr. Xia, you are wrong about this.

  For this acquisition, Shanda has prepared more than 200 million US dollars in cash, and its determination is not weak.

  Not to break through the 20% shareholding line, but also thinking about not going to squabble for the time being. "

   "President Chen, there is no need to hide this from us."

  Xia Jingxing smiled lightly, “After you announce the acquisition news, you will eventually return to the negotiating table with Sina.

   Ambiguous acquisitions and reckless actions cannot solve everything. "

   Chen Tianqiao knew that Xia Jingxing had seen all his hole cards, and simply admitted directly: "Well, I admit that I have this idea."

  Xia Jingxing put forward his idea, “What if Sina speaks loudly again at the negotiating table?”

  Chen Tianqiao said lightly: “Then continue to increase holdings, continue to pressure, and continue to talk until there is a satisfactory ending.”

  Xia Jingxing had almost understood everything in his heart at this time.

  This matter, if you ask Liu Hai to talk about it alone, you will probably be fooled.

  He also combined some reports, rumors, and gossip from previous lives, and through personal interviews with Chen Tianqiao, he almost figured out the bottom line of the latter.

  Don’t do anything, the wind screams!

  (End of this chapter)